 |
| ||
| |||
|
| Math Central | Quandaries & Queries |
|
Question from Alex: The profit on a certain television set is 16.5% of the cost price. If the profit is $330, |
Hi Alex,
Selling price = cost + profit
so
Selling price = cost + $330
You are told that $330 is 16.5% of the cost so
$330 = 0.165 × cost.
Solve this equation for the cost.
I hope this helps,
Penny
| ||
| ||
| ||
 |
 |
|
Math Central is supported by the University of Regina and The Pacific Institute for the Mathematical Sciences.